The United States as well as China, the European Union, Japan, India and Russia are just some of the leading countries looking to accelerate their investments on high-performance computing in order to reap economic benefits--increasingly a priority ahead of enhancing their military strengths.

The Financial Times (FT) reported on Saturday that new Nvidia CTO Steve Scott said a supercomputing race was taking place among top nations to be the first to reap the economic benefits of reaching exaflop speeds.

"It's really critical for industrial competitiveness, military superiority is not the most important thing anymore," Scott said in the report.

FT noted that China, the European Union, India, Japan and Russia have joined the U.S. to expand their exascale computing capabilities. "This has become a real priority for national governments. There's a growing realization around the world that high-end computing is at the root of economic competitiveness," Scott explained.

Supercomputing can help with various key tasks, from designing better engines to new materials and drugs, due to the ability to create more accurate simulations. It can also model scientific pursuits such as climate change, cell growth and nuclear fusion, the report noted.

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